Business
MoneyOnMobile Rights Offering Set to Expire on Wednesday, June 6, 2018
MoneyOnMobile Rights Offering Set to Expire on Wednesday, June 6, 2018.
About this update from Moneyonmobile, Inc
[{"type":"text","content":"\n\n\n\nMoneyOnMobile Rights Offering Set to Expire on Wednesday, June 6, 2018\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n\n\n\n\n\n\nMoneyOnMobile Rights Offering Set to Expire on Wednesday, June 6, 2018\nPR Newswire\nDALLAS and MUMBAI, INDIA, June 4, 2018\n\n\n\nDALLAS and MUMBAI, INDIA, June 4, 2018 /PRNewswire/ -- MoneyOnMobile, Inc. (OTCQB: MOMT) reminds its right holders that its rights offering is set to expire on June 6, 2018, and to contact their financial advisor in regards to the timing and procedures for exercising their subscription rights, as all broker dealers have different cut off dates and times for processing subscriptions in advance of June 6th. \n\n\n \n \n\n \nAs a reminder, this right offering allows its shareholders the opportunity to maintain or increase their respective ownership in the company by exercising their subscription rights. MoneyOnMobile distributed to its shareholders of record non-transferable subscription rights to purchase one share of MoneyOnMobile common stock for each share of common stock held or common stock issuable upon conversion of preferred stock held at 4:00 p.m., Eastern Time, on May 11, 2018. Holders who fully exercise their basic subscription privilege will be entitled to purchase additional shares of common stock via the over-subscription privilege (should any of the offering remain unsubscribed at the expiration of the subscription period). This rights offering shall not exceed $10 million (approximately 1,666,667 million shares of Common stock) and be no less than $4 million (approximately 666,667 shares). \n\n\n\n\nCalendar for 2018 rights offering:Wednesday, May 16 Subscription Period BeganWednesday, June 6   Subscription Period Ends by 5:00 PM ET...